More Stories

Informist, Monday, Aug. 11, 2025

By J. Navya Sruthi

MUMBAI – Prices of maize rose slightly in the key market Monday as demand for the grain increased, traders said. However, prices of wheat and rice remained unchanged from the previous day, they added. 

MAIZE prices at Indore in Madhya Pradesh rose by INR 10 from Friday to INR 2,330 per 100 kilograms due to a slight rise in demand, local trader Gaurav Kochar said. Prices are likely to fluctuate in the range of INR 10-INR 20 per 100 kg till arrivals of the new kharif crop begin in October, he said. The overall trend for maize prices is likely to remain sluggish moving forward due to availability of cheaper substitutes such as rice sold by the Food Corp. of India to meet the demand from the ethanol sector, he added. 

WHEAT prices in Kota, Rajasthan, were steady at INR 2,625 per 100 kg, said Aniket Mehta, a local trader. Arrivals were also largely steady from the previous day at 3,000 bags (1 bag = 50 kg), he added. Prices of wheat in Indore, Madhya Pradesh, were steady at INR 2,880 per 100 kg, said Kochar. Prices of the staple grain in Vashi, Navi Mumbai, were also stable at INR 2,800-INR 2,825 per 100 kg, said Devendra Vora, a wholesale dealer. 

Wheat prices are likely to rise by INR 100 per 100 kg in the near term due to firm demand ahead of festivals and lack of government wheat sales so far, Kochar said. Market participants expect the government to begin open-market sales of wheat before Diwali, which is in the second half of October. The government usually starts open-market wheat sales in July or August. For the 2025–26 rabi marketing year, the government has set a reserve price of INR 2,550 per 100 kg for these sales.

Prices of 1401 basmati RICE in Vashi remained steady at INR 7,300-INR 7,400 per 100 kg, Vora said. Prices of the 1121 basmati rice variety were also stable at INR 7,800-INR 8,000 per 100 kg. Prices of a premium non-basmati rice variety, sona masoori, were also steady from the previous day at INR 4,600 per 100 kg in Vijayawada's Bhavanipuram in Andhra Pradesh, said a local trader Ravi Shankar.

According to Shankar, rice prices are expected to remain steady until October with a slight downward bias. Prices may decrease further once the new crop arrives in the market in October, he said. However, due to deficient rainfall so far during the monsoon over coastal Andhra Pradesh, Shankar said prices may increase by INR 200 per 100 kg if the new crop is not in the market by October. While there is a delay in paddy sowing in Krishna and Guntur districts, sowing has improved in recent days, he added.

The area under paddy in Krishna district as of Wednesday was 107,608 hectares, up from 94,329 hectares during the same period last year, according to the Andhra Pradesh acreage report. However, in Guntur district, the acreage was down at 29,101 hectares from 47,241 hectares a year ago.  End

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000  

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.